Contact:
Monica Seely/Corynne Randel
Brower, Miller & Cole
(949) 509-6551
mseely@browermillercole.com

VOIT REAL ESTATE SERVICES SEES RISING ACTIVITY IN SAN DIEGO COUNTY’S COMMERCIAL MARKET

SAN DIEGO, Calif., (March 25, 2010) – Voit Real Estate Services’ San Diego office is reporting an increase in leasing and sales activity across all commercial property types, having completed more than 30 transactions encompassing upwards of 240,000 square-feet for the month of February alone.

“Buyers, sellers, landlords and tenants are all gaining confidence that there are good deals to be made right now,” says Chris Wood, Managing Director of Voit Real Estate Services’ San Diego region. “Our team is actively pursuing opportunities for our clients, often representing both sides of transactions. We are seeing the result of rising confidence in the economy and that it is fueling activity for industrial, office and even retail properties.”

Notable transactions include the sale of a Sorrento Mesa industrial building, located at 6975 Flanders Drive in San Diego, Calif. The 14,822 square-foot property sold for $1.65 million. Nick Price and Randall LaChance of Voit Real Estate Services represented the buyer, Todd Tedesco. Dean Asaro of CB Richard Ellis represented the seller, Stanley Claire Trust.

Notable leasing transactions include the 120-month lease of 17,608 of square-foot retail space located at 646 E St. in Chula Vista, Calif. Tracy Clark of Voit Real Estate Services represented the lessor, Bayfront Plaza LLC. The lessee, Dallo & Co., represented themselves.

A 20,650 square-feet industrial property located at 8849 Complex Dr. in San Diego, Calif. was leased to HHKM Company, LLC. Jonathan Boland of Voit Real Estate Services represented the lessor, Kearny Mesa Complex. The lessee was represented by Doug Shinoda of Ashwill Associates.

The Furniture Warehouse signed a lease for 41,488 of industrial space located at 2400-2402 Main St. in Chula Vista, Calif. Arthur Bleier, Benjamin Anderson and Michael Mossmer of Voit Real Estate Services represented the lessor, Alpine Creek Investments, LLC and the lessee.

Voit Real Estate Services, a member of CORFAC International, is one of the largest privately owned, debt-free commercial real estate services firms serving both institutional and private clients in the Western United States. With offices in California, Nevada and Arizona, Voit Real Estates Services can scale asset management, property management, market research, property leasing and sales, financial underwriting, construction and development services to its clients’ individual needs in any market. The firm’s nearly four decades of real estate ownership experience, combined with its asset management platform, provides clients with strategic alternatives, which allow owners of distressed real estate assets to maximize proceeds while minimizing risk.

Voit Real Estate Services was founded in 1971 by Robert D. Voit, who continues to lead the firm. Known for its personal, nimble and responsive service culture, Voit Real Estate Services has developed, acquired or managed more than 40 million square feet of commercial real estate and transacted sales and leases valued in excess of $25 billion. Additional company information is available at www.voitco.com.